Info
Foto sezione
Logo Bocconi

Course 2023-2024 a.y.

20869 - STRATEGIC DECISION MAKING

EMIT
Department of Management and Technology

Course taught in English

Go to class group/s: 27 - 28

EMIT (6 credits - II sem. - OP  |  SECS-P/08)
Course Director:
ARNALDO CAMUFFO

Classes: 27 (II sem.) - 28 (II sem.)
Instructors:
Class 27: ARNALDO CAMUFFO, Class 28: ARNALDO CAMUFFO


Synchronous Blended: Lezioni erogate in modalità sincrona in aula (max 1 ora per credito online sincrona)

Mission & Content Summary
MISSION

This course analyzes strategic decision making under uncertainty and offers a comprehensive introduction to “theory-based” strategy and the application of the scientific approach to strategy. The course emphasizes strategic problem identification, framing and formulation and illustrates analytic methods and procedures to do so. It analyzes how Board of Directors, Executives and Entrepreneurs should articulate their strategic visions using theories, causal logics, probabilistic reasoning and experimentation.

CONTENT SUMMARY
  1. Strategic decision making

a.Definition, background and context

b.Typlogies of strategic decisions

2. HFLI strategic decisions:

a.Management practices

b.Strategy implementation, execution and operational excellence

c.The enabling role of digital technologies

d.Experimentation in HFLI strategic decisions

3. LFHI strategic decisions:

a.Bayesian networks (DAGs and Bayesian statistics)

b.Strategic problem formulation vs. solving

c.Causal “theories-of-value”

d.Multiple theory experimentation

4. Case studies and simulations


Intended Learning Outcomes (ILO)
KNOWLEDGE AND UNDERSTANDING
At the end of the course student will be able to...

Define strategic decision-making and recognize different types of strategic decisions

Describe and compare the different approaches to strategy proposed by strategy literature

Understand the impact of data, analytics and AI on strategic decisions.

Apply graph theory and Bayesian Networks to conceptual causal structures

Build theories-of value for businesses

Design experiments to test “theories-of value”